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The three major indexes opened lower collectively in the morning session. The breeding sector fell slightly today. As of press time, the CSI Livestock Breeding Index rose by 0.27%. Da Beinong, Jinxinnong, and Yisheng Shares were all in the green.

In terms of related ETFs,Farming ETF (516760) is now up 0.33%It is worth noting that the ETF has received net inflows for three consecutive trading days. Wind data showsFrom July 12 to 16, the ETF attracted a total of nearly 5.5 million yuan.

Driven by the rebound in pork prices and the improvement in pig companies' performance, the breeding sector has rebounded in recent days.From the close of July 10 to 16, the breeding ETF (516760) had a cumulative increase of nearly 4%.

In terms of news,Recently, many listed pig companies have disclosed their semi-annual performance forecasts, with overall performance improving.For example, Wen's shares, a leading pig farming company with a market value of hundreds of billions, expects net profit attributable to shareholders of listed companies to be between 1.25 billion yuan and 1.5 billion yuan in the first half of the year, compared with a loss of 4.689 billion yuan in the same period last year. Another leading pig company, Muyuan shares, also expects to turn losses into profits. The performance of other listed pig companies is also generally improving, with many companies turning losses into profits or significantly reducing losses.

In the performance forecast, many pig companies also mentioned thatThe pig market rebounded in the second quarter, with pig prices rising compared with the same period, and the cost of pig breeding falling compared with the same period last year.

Dongguan SecuritiesIt is said that the price of live pigs has slightly rebounded recently, and the profitability of live pig farming has continued to recover; the pressure of breeding costs has decreased, which is conducive to the recovery of breeding profits. As the elimination of sows is transmitted to live pigs, it is expected that the supply of live pigs will continue to decline in the second half of this year. The current valuation of the live pig farming sector is still at a historical low.

Huatai SecuritiesIt is believed that some listed companies in the agricultural sector have recently released their semi-annual performance forecasts for 2024. Among them, most pig breeding listed companies turned losses into profits in Q2, most broiler breeding listed companies maintained profitability in Q2, and the overall profitability of the animal protection sector is still under pressure.Pork prices are expected to hit a new high in the second half of 2024, and pig companies are expected to enjoy a longer profit recovery period in this cycle. The subsequent surge in pork prices and further release of profit elasticity are expected to have a positive catalyst on the pig breeding sector.

The Animal Husbandry ETF (516760) tracks the CSI Animal Husbandry and Breeding Index (930707.CSI), which selects listed securities involved in livestock and poultry feed, livestock and poultry drugs, and livestock and poultry breeding as samples to reflect the overall performance of listed companies related to animal husbandry and breeding. As of May 23, the top ten constituent stocks of the index include Haida Group, Wen's Shares, Muyuan Shares, New Hope, Meihua Biotechnology, Dabeinong, Shengnong Development, Bio-Technology, Tangrenshen, and Tiankang Biotechnology.

(The opinions expressed in this article come from licensed securities institutions and do not constitute any investment advice, nor do they represent the opinions of the platform. Investors are requested to make independent judgments and decisions.)